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Debt Management . Debt Consolidation . Debt Solution
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IVA's, Individual Voluntary Arrangements, an alternative to bankruptcy. The level of debt should exceed £20,000. It is possible that your debts can be cleared in 5 years (yes, 60 months) In an IVA the creditors MUST freeze the interest. Up to 75% of the debt can be written off. You do not appear at a court hearing. THIS IS NOT BANKRUPCY There are no adverts in any newspapers. Your employer will not be informed. You can continue to hold a bank account. If you are in rented accommodation your landlord will not be informed. If you own your own home your property will be safeguarded.
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I know it sounds too good to be true, but it IS true. In 1986 the government, as an alternative option, introduced IVA's for people who at the time faced either a life in debt or bankruptcy. The creditors do have the opportunity to reject the IVA but we would not suggest it if we believed you did not qualify or the creditors would object. Hearsay and rumours have in some instances clouded what an IVA actually is. Think of an IVA as a deal with the creditors. This option is not bankruptcy so therefore open to people in sensitive positions too, such as the armed forces, the police force and bank staff. Again, if your not sure then talk to us, rumours you've heard might be stopping you following an option which applies to your situation. There are restrictions but if you don't ask you'll never know so take advantage of our experienced staff and call us on our freephone number for more information. |
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